Fair Presentation definition

Fair Presentation means the statutory duty upon the Insured to provide a fair presentation of the risk, more particularly described in Part 2 of the Insurance Act 2015.
Sample 1Sample 2Sample 3
Fair Presentation means disclosure of every material circumstance which, following a reasonable search, the Insured (including its senior management and those responsible for arranging this Policy on its behalf) knows or ought to know, or which gives the Insurer sufficient information to put a prudent insurer on notice that it needs to make further enquiries for the purpose of revealing those material circumstances. Such disclosure is to be in a manner which would be reasonably clear and accessible to a prudent insurer and in which every material representation as to a matter of fact is substantially correct, and every material representation as to a matter of expectation or belief is made in good faith.
Sample 1

Examples of Fair Presentation in a sentence

  • Please see section headed Notification of Changes and Alterations which also outlines your duties of care with regards to Disclosure and Fair Presentation.

  • Commercially available “Science Fair Presentation boards” are encouraged.

  • Ensure compliance of the Insurance Act 2015 and the Duty of Fair Presentation in respect of any request or alteration of insurance cover or assessment of exposure to risk for any service provision or asset during any period of insurance cover or at the request by the Director of Resources and Deputy Chief Executive upon renewal or alteration to insurance cover that may be required.

  • Fair Presentation of the RiskYou must make a fair presentation of the risk when you first take out this policy and also whenever you renew it or ask us to change your cover.

  • Jones noted that legacy surveys or peer-reviewed assessments can potentially move forward towards MRIP certification.

  • Please ensure that you contact your insurance adviser, or us, (as appropriate) as soon as reasonably possible if you think that there are amendments to be made or new circumstances that would affect your insurance as stated in General Condition 7 (Duty of Fair Presentation) for more details.

  • The term Fair Presentation does not apply where You are any natural person acting for purposes not related to Your trade, business or profession.

  • We will not invoke the remedies which might otherwise have been available to us under this General Condition (Fair Presentation of the Risk) as against the insured, if the failure to make a fair presentation of the risk concerns only facts orinformation which relate to a particular person who is not the insured.

  • Evaluating Whether the Financial Statements Achieve Fair Presentation (Ref: Para.

  • In providing a Fair Presentation you are deemed to know what your senior management knows, what the people arranging the insurance know and ought to know what would reasonably have been revealed by a reasonable search.

Related to Fair Presentation

  • Investor Presentation is defined in Section 5.3.

  • Presentation Date means a day which (subject to Condition 12 (Prescription)):

  • Representation Letter Letters to, or agreements with, the Depository to effectuate a book entry system with respect to the Class A Certificates registered in the Register under the nominee name of the Depository.

  • Representation Date shall have the meaning ascribed to such term in Section 4(k).

  • Representation means any representation as to fact or law, including a representation as to the state of mind of—

  • DTC Representation Letter means the Blanket Letter of Representation from the Issuer and the Paying Agent to DTC which provides for a book-entry system, or any agreement between the Issuer and Paying Agent and a successor securities depository duly appointed.

  • Due Diligence Information means any information supplied to the Supplier by or on behalf of the Customer prior to the Call Off Commencement Date;

  • Tax Representation Letters means the representations provided by Newco and Emerson to the Tax Advisor in connection with the rendering by the Tax Advisor of the Tax Opinion.

  • Project Management Report means each report prepared in accordance with Section 4.02 of this Agreement;

  • Letter of Representations means any applicable agreement among the Corporation, the Depositary and a Global Receipt Depository with respect to such Global Receipt Depository’s rights and obligations with respect to any Global Registered Receipts, as the same may be amended, supplemented, restated or otherwise modified from time to time and any successor agreement thereto.

  • Representations and Warranties means the representations and warranties mentioned in Clause 4 hereto;

  • Information Package means the most recent compilation of financial and other data with respect to the Failed Bank, including any amendments or supplements thereto, provided to the Assuming Institution by the Corporation on the web site used by the Corporation to market the Failed Bank to potential acquirers.

  • Information Request means a request for any Information under the FOI Legislation.

  • Repeating Representations means each of the representations set out in Clause 18.1 (Status), to Clause 18.22 (No Material Adverse Effect) other than Clause 18.3 (Binding Obligations), Clause 18.6 (Governing law and enforcement), Clause 18.7 (Deduction of Tax), Clause 18.8 (No filing or stamp taxes), paragraphs (a) and (b) of Clause 18.10 (No misleading information) and Clause 18.13 (No proceedings pending or threatened).